The Mexican peso had a positive day after severe declines as stocks in the U.S. climbed, attracting investors to purchase once again emergent market currencies, favoring peso-priced assets and several other Latin American currencies. After rather negative news in the beginning of the week which impacted stock markets worldwide, today, a slight reaction could be perceived, which helped the peso to gain today after its biggest drop in three-months influenced […]
Read moreThe Hungarian currency posted significant gains today versus the euro and the dollar after a report in Germany indicated the highest rise in investors’ confidence in the wealthiest country in the European Union during the last three years. Hungary is immersed in the worst recession since the post-communist era, and today’s German ZEW economic report posting the sharpest rise in business confidence in the country in three years helped optimism to grow in Eastern Europe, as most of Hungarian, Czech and Polish […]
Read moreThe pound had a positive performance today after U.K.’s inflation did not decline as specialists suggested, bringing optimism that the British recession might be easing since difficult periods tend prices to decrease inflation and eventually reach deflation. The pound had the sharpest rise versus the U.S. dollar in more than a week today after the Office for National Statistics indicated that the inflation held at 1.8 percent in July, a sign that […]
Read moreThe euro stopped its decline versus the yen and the dollar today as optimism reappeared in Europe after a report indicated that German business confidence had the highest rise in more than a year, spurring demand for the Eurozone currency in forex markets. After several days of consecutive declines the Eurozone currency reverted its trend and climbed after the German ZEW economic sentiment, a highly considered index by traders, climbed the most in more than a year, […]
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